16,884 Shares in Viasat Inc. $VSAT Purchased by Argos Wealth Advisors LLC

Argos Wealth Advisors LLC bought a new position in shares of Viasat Inc. (NASDAQ:VSAT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,884 shares of the communications equipment provider’s stock, valued at approximately $582,000.

Other large investors have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in Viasat during the third quarter worth about $25,000. Hantz Financial Services Inc. grew its stake in shares of Viasat by 6,815.4% in the third quarter. Hantz Financial Services Inc. now owns 899 shares of the communications equipment provider’s stock valued at $26,000 after buying an additional 886 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Viasat in the fourth quarter valued at about $36,000. Danske Bank A S acquired a new stake in shares of Viasat in the fourth quarter valued at about $47,000. Finally, Activest Wealth Management acquired a new stake in shares of Viasat in the third quarter valued at about $44,000. 86.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Craig Andrew Miller sold 5,260 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $50.00, for a total value of $263,000.00. Following the sale, the senior vice president directly owned 21,252 shares in the company, valued at $1,062,600. This trade represents a 19.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert James Blair sold 30,411 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $47.04, for a total value of $1,430,533.44. Following the completion of the sale, the senior vice president owned 38,108 shares in the company, valued at approximately $1,792,600.32. This represents a 44.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 38,071 shares of company stock valued at $1,804,437. Insiders own 2.20% of the company’s stock.

Viasat Trading Down 2.8%

NASDAQ:VSAT opened at $70.99 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 2.13 and a debt-to-equity ratio of 1.35. The business’s 50 day moving average is $54.62 and its two-hundred day moving average is $44.70. Viasat Inc. has a 52 week low of $8.61 and a 52 week high of $74.25. The company has a market cap of $9.64 billion, a PE ratio of -27.41 and a beta of 1.66.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Raymond James Financial set a $74.00 target price on Viasat and gave the company an “outperform” rating in a research note on Friday, April 24th. Barclays upgraded Viasat from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $23.00 to $49.00 in a research note on Wednesday, April 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Viasat in a research note on Monday, April 20th. B. Riley Financial raised their price objective on Viasat from $52.00 to $94.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Morgan Stanley set a $51.00 price objective on Viasat in a research note on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.57.

About Viasat

Viasat, Inc (NASDAQ: VSAT) provides high‐capacity satellite broadband and wireless communications services to consumer, commercial and government customers worldwide. The company designs and operates satellite systems and network infrastructure to deliver secure, high-speed connectivity across remote and underserved regions, as well as managed networking solutions for enterprises and public sector agencies.

Viasat’s product offerings include residential and enterprise satellite internet services, in-flight connectivity for commercial airlines and business jets, and secure networking platforms tailored to defense and intelligence users.